BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGD) Stock Price Down 4.9%

Shares of BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGD) were down 4.9% during trading on Wednesday . The company traded as low as $25.10 and last traded at $25.10. Approximately 1,543,697 shares were traded during trading, a decline of 14% from the average daily volume of 1,787,754 shares. The stock had previously closed at $26.40.

BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN Price Performance

The firm has a market cap of $17.86 billion, a PE ratio of 37.73 and a beta of -5.03. The business’s 50 day moving average price is $24.85 and its 200 day moving average price is $30.75.

Institutional Trading of BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN

A hedge fund recently bought a new stake in BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN stock. Whittier Trust Co. of Nevada Inc. bought a new stake in BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN (NYSEARCA:FNGD) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 1,165 shares of the company’s stock, valued at approximately $43,000.

About BMO REX MicroSectors FANG Index 3X Inverse Leveraged ETN

The MicroSectors FANG+ Index -3X Inverse Leveraged ETN (FNGD) is an exchange-traded fund that is based on the NYSE FANG+ index. The fund tracks -3x the daily price movements of an index of technology and consumer discretionary companies. The note uses derivatives to achieve its -3x exposure. FNGD was launched on Jan 25, 2018 and is issued by REX Microsectors.